UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: Shirtless1 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308355  
Subject: Re: Collection Agency Settlement Letter Date: 2/23/2005 10:57 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
First off I really appreciate the honest and helpful commentary for my questions on this. All responses have been by people that, while I understand probably aren't lawyers, seem truly well-informed. I do understand they're just opinions, but all of your opinions are better informed than mine on this matter. And this is the first Internet Forum I've ever been on that I could say that about. The Motley Fool really has it goin' on. Thank you.

And thanks for sounding in xtn.

I think I understand the difference between yours and Fuskie's perspective on it.

One irony for me is, that I seperately get collection letters once or twice a year about a $179 unpaid phone bill from MCI that I truly never owed. I never was a customer of MCI, I wasn't living in the city where the phone supposedly existed. But I keep getting letters trying to collect that debt. It's like, once your name gets in this collection agency system, you can never get out. Kind of like email addresses on spam lists.

So I have one that MIGHT be legitimate for $3600 (my father told me he paid them for me years ago, but I have no records or proof, he might have missed one - it's a sore spot for us and I can't ask him). And one that is defintely not legitimate for $179. I was wondering what to do about these. How at risk am I for one of those court settlement things? I don't always open every letter I get about these as some of them look like junk mail.

If I were to get sued, don't they have to serve me papers? They can't just send me a letter and then get a court judgement without me even knowing it's going on can they?

I don't know how this element works. I'm inclined to take the earlier advice to "walk" because of too many unknowns. But one of the unknowns if I just keep throwing the letters out is this new court thing. I don't know what the wisest thing for me to do is.

Shirtless1
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement